Kudremukh Iron Ore Company

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KIOCL Limited
TypeGovernment of India Enterprise
BSE: 540680
NSE: KIOCL
Industry
  • Iron making
  • Mining
Founded1976
HeadquartersFlag of India.svg Bangalore, India
Key people
Shri S K Gorai Chairman and MD[1]
Products
RevenueGreen Arrow Up.svg INR 497.3 million (2016-17)[2]
OwnerGovernment of India (100%)
ParentMinistry of Steel, Government of India
Websitewww.kioclltd.in

KIOCL Limited, formerly Kudremukh Iron Ore Company Limited is a government owned enterprise with its head office and administrative activities in Bangalore.[3] It has a pelletisation plant in Mangalore and had an iron ore mine in Kudremukh (Chikkamagaluru district). It is under the ownership of Ministry of Steel , Government of India. The Kudremukh mine, one of the largest iron ore mines in the world, was closed in 2006.

The captive mining took place at Kudremukh on the Western Ghats range. The mined ore was transported 110 km through slurry pipelines running through the districts of Udupi and Dakshina Kannada up to the pelletisation plant in Panambur,[3] adjacent to the premises of the New Mangalore Port.

The Kudremukh Iron Ore Company Ltd. plant in Mangalore

The pellet plant with a capacity of 3.5 million tons per annum was commissioned at Mangalore in 1987.[3] The plant was stopped in 2011 but in 2014 the plant resumed producing and exporting pellets, running on ores supplied by NMDC Limited.[4] The pellets have been shipped to countries like China, Iran, Japan, and Taiwan.

In 2017 there were plans to restart captive mining operations, now at Sanduru in Bellary district.[5][2]

Controversies[]

The mining lease was given to KIOCL in Kudremukh for a period of 25 years and was supposed to be closed by December 2001.[citation needed] Kudremukh area is a biodiversity hotspot, with Kudremukh national park nearby. The mining lease was temporarily extended, however, it was completely stopped in 2006 due to environmental reasons.

In 2016 KIOCL planned to develop a commercial resort in the Kudremukh national park, refurbishing some of its buildings, unused since the closure of the mine. The project had not obtained an environmental clearance. In October 2016 the Ministry of Environment and Forests ordered to immediately stop the work.[6]

References[]

  1. ^ "Our Chairman". KIOCL Limited. Retrieved 16 October 2017.
  2. ^ Jump up to: a b "Annual Report". KIOCL Limited. Annual Report 2016-2017. Retrieved 16 October 2017.
  3. ^ Jump up to: a b c "Origin of KIOCL". KIOCL Limited. Retrieved 16 October 2017.
  4. ^ "After 7 years, Kudremukh Iron Ore Company Limited comes to life again". DNA India. 12 January 2014. Retrieved 16 October 2017.
  5. ^ "KIOCL Ltd to restart mining in Bellary". The Hindu Business Line. 31 August 2017. Retrieved 16 October 2017.
  6. ^ "KIOCL ordered to terminate work on resort in Kundremukh National Park". The Hindu. 12 November 2016. Retrieved 16 October 2017.

General references[]

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